According to the Commodity Market Analysis System of Shengyi Society, as of June 11th, the average price of acetic acid was 2553.33 yuan/ton, a decrease of 146.67 yuan/ton or 5.43% from the price of 2700 yuan/ton on June 1st.
| Gamma-PGA (gamma polyglutamic acid) |
In early June, the acetic acid market weakly declined, and enterprise quotations continued to fall. On the supply side, the utilization rate of acetic acid production capacity has increased, enterprise inventory has accumulated, and operators have a strong intention to ship; In terms of demand, downstream consumers tend to adopt a wait-and-see attitude, with a small amount of purchases following up on demand. The trading atmosphere in the market is light, and acetic acid holders are experiencing poor shipments, resulting in a continuous decrease in acetic acid prices.
As of June 11th, the market prices of acetic acid in various regions are as follows:
Region /On June 1st /June 11th /Rise and fall
South China region /2550 yuan/ton /2475 yuan/ton / -75
North China region /2540 yuan/ton /2410 yuan/ton / -130
Shandong region /2570 yuan/ton /2430 yuan/ton / -140
Jiangsu region /2490 yuan/ton /2415 yuan/ton / -75
Zhejiang region /2700 yuan/ton /2625 yuan/ton / -75
The upstream methanol market is operating strongly. From June 1st to 11th, the average domestic market price increased from 2250 yuan/ton to 2363 yuan/ton, with an overall increase of 5.02%. At the end of last month, methanol prices fell to a low level, and downstream entry enthusiasm increased. Holders of goods were optimistic. At the same time, the methanol market in coastal areas was boosted by policies, and methanol prices rebounded and rose from a low level. However, after the rise, some downstream consumers were resistant, and the basis has fallen slightly.
The downstream acetic anhydride market is weak and declining. On June 11th, the average ex factory price of acetic anhydride was 43925.0 yuan/ton, a decrease of 1.13% compared to the price of 4442.50 yuan/ton on June 1st. The upstream acetic acid market continues to decline, with insufficient cost support for acetic anhydride and low downstream purchasing enthusiasm. The market trading atmosphere is weak, and the price of acetic anhydride is running weakly during the cycle.
Market forecast: According to the acetic acid analyst from Shengyi Society, the current supply of acetic acid in the market is increasing, and there is greater pressure on suppliers to ship. Downstream demand is limited, and the enthusiasm for purchasing goods is not high. The market supply and demand game is expected, and the short-term acetic acid market is expected to be weak. Specific attention should be paid to changes in equipment and downstream follow-up.
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